Businesses are struggling right now. Covid-19 has had a huge detrimental impact. Many businesses have been dealing with new challenges that are unique to this situation.
The New Zealand Government introduced a formal business debt hibernation regime to help support those particular businesses who have been impacted by Covid-19.
The aim of this regime is to allow affected businesses to hibernate during this period so they can survive and go on to thrive.
In this video Brent Norling and Damien Grant go through the aspects of the regime, breaking down what criteria a business needs to meet in order to qualify for the regime.
For more information on how to hibernate your business in the era (and post era) of Covid-19, download the free Debt Hibernation E-book: https://norlinglaw.co.nz/business-hib…
If you need to discuss this with us, we offer a free 30 minute legal consultation which can be booked here: